Keeping a close eye on the $BTC weekly chart… 👀

The one final argument that many bears are still holding onto is that the current breakout we have seen from the May LH has still yet to see confirmation on a weekly candle close basis.

Although this is true, and we still have over 3 days until the current weekly candle closes, I do believe that multiple daily candle closes above $83k are enough confirmation that a new HTF uptrend is beginning.

I’d still definitely keep a close eye on this weekly close, as there is still plenty of time for price to make some crazy moves.

If we close below $82.8k, then we might still have to consider some more dips back into the prior neutral range we spent the last few weeks in.